Chris Koehler

Smith’s decades of industry data and market expertise can help inform your inventory strategy. Learn more about SmithTrade™ and join today: https://smth.bz/t58 #IntelligentDistribution #SupplyChain #MarketIntelligence

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Did you miss our Supply Chain Unfiltered episode with the Association for Supply Chain Management (ASCM)'s Douglas Kent? Check out our newest blog post, which covers Christine Barnhart and Douglas Kent's discussion about the transformative value offered to ASCM members, as well as the ASCM Connect Conference taking place next week. https://lnkd.in/dhUu_NGX #ASCMConnect

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The supply chain management (SCM) field impacts virtually every type of business. Although many people believe the supply chain function only impacts manufacturers and purchasing agents, this situation simply is not the case. https://ow.ly/Hz0h30sIy3Z

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The Forging Industry Association is launching a new campaign to highlight the industry's critical role in supporting the defense industrial base and unveiling the results of a new survey by accounting firm Wipfli that shows significant untapped capacity to meet the Pentagon's urgent needs. Forged products are feeding the aerospace, automotive, space, mining, transportation, semiconductor, clean energy, medical, and construction industries. And when it comes to national security, these companies operate the furnaces, hammers, and presses that heat, shape and convert raw metals and alloys into the forgings that make up the backbone of our armed forces and those of our allies. Some big takeaways: 63% of forgers surveyed currently do work within the defense industry. On average they are operating at only 51% of available capacity.  And it's even lower, or 41% utilization, for companies that are primarily doing defense work. “Washington is making historic investments in our technological edge to compete in this new era of great power competition. But the North American forging industry is at risk of being neglected – by a combination of inattention from government authorities, a stubborn myth that it lacks sufficient capacity to meet demand, and trade policies that hobble us and aid our adversaries," says FIA CEO Jim Warren. “There is ample untapped capacity to do additional work to support our armed forces," he added. "However, an overly cumbersome defense acquisition system and unpredictable material shortages stymies the nation’s ability to tap into the industry’s capacity, even as the Department of Defense’s needs are growing.” From Colin Demarest in Axios' Future of Defense newsletter today: "These guys make possible tanks, warships, aircraft, missiles and more. It would be wise to take heed, as resources win wars." The Forging Industry Association, headquartered in Cleveland, Ohio, represents 231 North American metal forging producers, suppliers, and service providers. In the U.S. that includes 152 plants in 38 states and more than 36,000 skilled workers. Learn more about "Forgings for Defense: The Capacity to Meet the Moment": https://lnkd.in/eZd8bgYu And watch: https://lnkd.in/e5r9rmJp

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🎙️ Navigating Aerospace Supply Chain Challenges: Insights from Gail Thomas, VP & Managing Director at TW Metals 🎤 Here it is! The full episode of Gail Thomas speaking with The Metal Guys Talk Business can be found here ➡ https://lnkd.in/eVAjyETa #TWMetals #TWmetalseurope #metalindustry #podcastinterview #aerospace #supplychain

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This article dives into the Jabil 2024 Supply Chain Resilience Survey. They point out that 96% of the 200 supply chain decision makers interviewed stated that market intelligence is used to “navigate supply chain challenges”. It then goes a step further to highlight how organizations can better integrate technologies into their data driven strategies by focusing on three areas: visibility, optimization and sustainability. The common theme between these three areas is preparedness. Before deploying any technologies into an organization’s ecosystem a game plan must first be created. A question to ask is what is the end result of implementing this new technology? As stated in the article “… companies can start by assessing the capabilities of the technologies they already use and performing a gap analysis to determine what other technologies may need to be added”. Here are IMPACT Management Services we work with our client partners to help them understand their data and work with them to create strategic plans for the future. It has been stated in previous posts, but it is important to say it again here. While implementing new technologies into an organization can see big rewards for that company, unless they also simultaneously retrain, upskill or just train their employees they can potentially lose them. Employees in today’s market do not want to be left behind when it comes to the latest technologies. If an organization can reinvest in their existing employees their employee retention will go up and their overall costs of replacing employees will decrease. Reach out to us today to learn more about the market trends in your industry including what new skills sets employees are saying they want to learn. As always follow us to learn to get more industry insights. #Logistics #Manufacturing #Employeeretention #Optimization    https://lnkd.in/gVqZvBRA

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This Spend Matters Vendor Analysis provides an overview of Graphite Connect and its solution for supplier management. Part 2 of this Spend Matters Vendor Analysis will focus on the strengths and opportunities of Graphite Connect’s supplier management solution, present customer comments and list the elements to consider when looking at Graphite Connect as a potential solution provider. Networks are nothing new in the procurement technology space, but the focus of most networks so far has been primarily on transactions — connecting trading partners in a many-to-many network to facilitate the exchange of purchase orders and invoices. However, true collaboration within business networks goes beyond transactional efficiency to involve deeper engagement, strategic partnerships and value creation for all parties involved. Graphite Connect aims to achieve this with its solution built on a network model where suppliers enter and maintain their information once and can share it with all buye

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"Supply Chain Professionals Would Make Great __________." How would YOU complete that sentence? Let us know in the comments below! Check out responses from Mark McEntire and other supply chain leaders to this month's #goodquestion via Inbound Logistics:

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【U.S. Manufacturing PMI and Price Index Fall Below Expectations with Steel Price Weakening】 🔎 The Institute for Supply Management (ISM) reported on Monday, July 1, that the U.S. Manufacturing PMI dropped from 48.7% in May to 48.5% in June 2024, the lowest since February. This fell short of the expected 49.1%. The index has contracted for the third consecutive month, with the decline widening, but remains slightly above the 12-month average of 48.1%. 💡Read more at DataTrack: https://buff.ly/3xJfNgC 🔗

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A diverse supplier network can have myriad advantages for manufacturers and distributors looking for a competitive edge: - Competition for your business with pricing and other benefits - Incentive to innovate on product offerings - Perhaps most importantly, reduced risk of supply chain disruption See how technology can enable supplier diversification in your direct materials procurement supply chain. https://lnkd.in/g3XmC3RX #directmaterialsprocurement #supplychainrisk #supplierdiversity

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In a world where supply chains are evolving at record speed, Lee Beard, SVP of Logistics for Swire Coca-Cola, USA, brings his wealth of experience to the table in this latest SCM Talent Group podcast. Lee shares insights on adapting to disruptions, the power of agility in operations, and what it takes to lead teams successfully. 🔍 Listen now to dive into actionable strategies on maintaining flexibility and resilience in today's dynamic supply chain landscape. #SupplyChainLeadership #SCMTalentGroup #OperationsExcellence #SupplyChainManagement https://lnkd.in/e_J89UVZ

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 Sourcing professionals know that finding the right suppliers can be like looking for a needle in a haystack. With thousands of options available on trade platforms, the process of identifying truly reliable partners can take hours — if not days. The time spent on searching, verifying, and comparing suppliers can be better spent building strategic relationships or negotiating favorable terms. Enter SourcingGPT.ai, inspired by the AI advancements of leaders like Google Premium AI. Our platform applies machine learning to streamline the sourcing process, reducing the supplier search to a matter of seconds. Imagine this: instead of combing through hundreds of profiles, www.SourcingGPT.ai gives you a refined list of top suppliers tailored to your specific criteria — from industry experience to location and compliance standards. Why waste hours on database dives when AI can do the heavy lifting? With SourcingGPT, you’re equipped with the insights you need instantly, so you can focus on what truly matters — building relationships, fostering trust, and driving value for your organization. Ready to shift from search to strategy? Follow SourcingGPT to stay updated on the latest in AI-driven sourcing and learn how we’re changing the future of procurement. #SupplierSearch #GoogleAI #EfficiencyInProcurement #SourcingGPT #AIInSourcing #TradeShows #FutureOfProcurement #SourcingChallenges

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China dominates global tungsten production and has banned exports to North America, creating a supply chain gap for the U.S. 🇺🇸 Demesne Resources is stepping up to become North America's leading tungsten supplier. CEO Murray Nye discusses their Idaho-based IMA Mine and more. 🎙️ 🧐 Learn more: https://lnkd.in/g5vxHgAG Demesne Resources (CSE: DEME | OTCQB: DEMRF) #Tungsten #TungstenSupply #ChinaPolicy #CommodityImports #IdahoMine #IMA #StarProject #TugnstenMine #CSE #DEME #OTCQB #DEMRF #DemesneResources #MilitaryMetals #StocksToWatch

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